The struggling Spanish coffee shop chain Vanadi Coffee has announced an ambitious plan to invest up to €1 billion (approximately $1.1 billion) in $BTC to reform its business model. The decision, approved by shareholders on June 29, 2025, makes Vanadi the first publicly traded company in Spain to choose Bitcoin as its primary reserve asset. The chain currently holds 54 BTC (about $5.8 million), having acquired 20 BTC.
The company, which operates six establishments in Alicante, incurred losses of €3.3 million in 2024 with revenues of €2 million. Vanadi aims to replicate MicroStrategy's success by using Bitcoin to diversify its treasury and increase profitability. €50 million has been raised from a local IT company and the London-based fund Alpha Blue Ocean to finance the plan. A partnership with the cryptocurrency exchange Bit2Me will ensure liquidity and security of transactions.
Experts warn of the risks associated with cryptocurrency volatility, but Vanadi sees Bitcoin as a long-term strategy. This move could set a precedent for other companies looking for new avenues of growth. Stay tuned for updates on #MiningUpdates
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